Short

If Bitcoin Repeats History? Descending Triangle Looking Similar

Updated

The daily bars of the 2018 descending triangle are starting to match the current 2019 descending triangle. If the bearish breakdown also repeats itself in the same way, then this would be the outcome, continuing on from where the charts fit together. Notice how a similar bearish breakdown would take us to the 200 Week MA, given its current trajectory. This would be long-term bullish if this happened, ie finding support again one year later 2K higher. I'd therefore find it unlikely to return to a bear market, or even continued consolidation (which would both be under the 200 Week MA).

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Part 2: Measuring The Move of the Descending Triangle Breakdown

BTCUSD: Measuring The Move of the Descending Triangle Breakdown

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Part 3: A repeat of 2014? Worst Case Scenario A $2,500 Low

BTCUSD: A repeat of 2014? Worst Case Scenario A $2,500 Low

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Part 4: f Bitcoin Repeats History? Extrapolating 2012 Breakdown

BTCUSD: If Bitcoin Repeats History? Extrapolating 2012 Breakdown

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Part 5: If 2017 Descending Triangle Repeats? Best Case Scenario

BTCUSD: If 2017 Descending Triangle Repeats? Best Case Scenario

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Summary from Part 5:

If Bitcoin Repeats History?

2012: Breakdown to $6,415 with 1 year consolidation (Part 4)
2014: Breakdown to $2,500 with 1.5 years consolidation (Part 3)
2017: Breakdown to $5,350 with 2 months consolidation (Part 2)
2018: Breakdown to $5,050 with 6 months consolidation (Part 1)
2019: Measured move to $6,410 to $6,875 (Part 2 & 5)

That's a range between $2,500 and $6,875, with anywhere between 2-18 months of consolidation. Conclusion: Anything could happen. Look for clues.

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Part 6: If Bitcoin Repeats History? Monthly TD Sequential Red 1

BTCUSD: If Bitcoin Repeats History? Monthly TD Sequential Red 1

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Part 7: Another Bearish Indicator: 200 EMA & MA Bearcross

Another Bearish Bitcoin Indicator: 200 EMA & MA Bearcross

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Part 8: Bitcoin's Full Moon Reversal 6 Month Pattern

BTCUSD: Bitcoin's Full Moon Reversal 6 Month Pattern

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Part 9: TD Sequential 9 Next Week To Decide Direction?

BTCUSD: TD Sequential 9 Next Week To Decide Direction?

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Part 10: Extrapolating the 50 & 200 Day MA bear crosses

BTCUSD: Extrapolating the 50 & 200 Day MA bear crosses

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This first chart from two months has aged well then.

dragononcrypto

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